Grid Dynamics enters $30M secured revolving credit facility with JPMorgan

GRID DYNAMICS HOLDINGS, INC.

Three-year multicurrency revolver; initial capacity $30M, expandable to $50M.
As of March 17, 2022, $5M drawn; proceeds for working capital and general corporate purposes.
Interest rates: base rate + 1.00%-1.50% or adjusted SOFR/EURIBOR + 2.00%-2.50%, depending on leverage.
Facility matures March 15, 2025; secured by substantially all personal property of borrower and guarantors.
Contains customary covenants, including total leverage ratio maintenance.

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